Goods and Services Tax
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Booking Disputed Tax as Expense in Books Does Not Prove Unjust Enrichment
Section 75(5) of CGST Act Does Not Mandate Three Hearings, Only Adjournments
Delhi HC Remands GST Demand Case, Citing Directors’ Demise
Delhi HC Directs Petitioner to avail Appellate Remedy in GST Demand Case
Penalty cannot be imposed for Error in Utilizing CGST & SGST Instead of IGST
APVAT: Soft Drinks Makers Eligible for ITC on Refrigerators, Coolers & Freezers
Supreme Court Upholds Lower GST rate of 5% on Flavoured Milk
Madras HC Condones 192-Day Delay in Filing GST Appeal Due to Petitioner’s Ill-Health
Delhi HC Orders Unblocking of ITC After One Year under Rule 86A
Madras HC Directs Taxpayer to Appellate Forum Over GST Demand, Data Mismatches
Non-Response to SCN under GST: HC declines to Set Aside Demand Order
Telangana HC Quashes GST Registration Suspension on Vague Notice
Veterinary Healthcare Services: A GST Perspective
AAR & AAAR Lack Jurisdiction to Decide Taxability Under Finance Act 1994
Goods and Services Tax India
The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.
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